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Testing For Seasonal Stability in Unemployment Series: International Evidence

Author

Listed:
  • Shipra Banik

    (Department of Economics and Finance, La Trobe University)

  • Param Silvapulle

    (Department of Economics and Finance, La Trobe University)

Abstract

Recently, it has been shown that seasonal and business cycles are related and a similar economic mechanism is at work in producing both types of cycles. Thus, an analysis of seasonal fluctuations shed light on the nature of the business cycle. This paper uses the LM-type tests proposed by Canova and Hansen (1995) to investigate seasonal behaviour in the unemployment series of Australia, Canada, Japan, New Zealand, the US and a number of OECD countries.

Suggested Citation

  • Shipra Banik & Param Silvapulle, 1997. "Testing For Seasonal Stability in Unemployment Series: International Evidence," Working Papers 1997.17, School of Economics, La Trobe University.
    • Handle: RePEc:ltr:wpaper:1997.17
    as

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